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If so, check out a website like Shutterstock.  You send your photographs to Shutterstock and if they are accepted, every time one of Shutterstocks clients downloads one of your photos youll receive a paid a royalty.

 

 

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If you're a bit techie and can produce a few unique ideas for mobile programs, or improve upon an existing program that will help people make their lives simpler, you may land yourself a fantastic source of passive income.

 

 

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Every program on your phone is making money for someone, somewhere. For instance, Joel Comm created over $1Million from his iFart app.

While these are the exceptions, there are plenty of people making thousands of dollars each month with their mobile programs.

 

 

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How would you like to make money just for driving your car and not have to pick up any passengers By allowing companies to place advertisements on your car windows, you can earn a couple of hundred dollars each month simply by driving your vehicle around town.

Check out Wrapify to determine how you might be able to produce passive income by wrapping your car with an advertisement.

 

 

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The beauty of an online business is that the majority will allow you to operate from anywhere. Starting one from scratch can take a lot of time and resources. Why not consider buying an already established online business Websites such as Biz Buy Sell have hundreds of online business listings that are available in varying price ranges. .

Check to see if there is an online business for sale that's in line with your passions or hobbies. Again, in order for this notion to produce passive income, youll need to employ someone to run the business.

 

 

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Heres another turnkey passive income business thought. Many cities have established laundromats which are available for sale.

 

 

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The reason you would want to purchase an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not affordable. It makes a lot more financial sense to purchase an already established laundromat than to start from scratch.

 

 

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I am shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for children in America. Yet batting cages are tough to come by depending on where you live.

 

 

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Something to be aware of, though, is that these can require a lot of money up front. You will have to have a significant centre, equipment, and someone to run the crate.

So be sure to do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business may be a more financially sound choice.

Another way you can make passive income is by designing t-shirts and other products even with no prior design abilities. Websites like Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

 

 

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Shoppers then visit the website and check out your products. When they buy one of your designs, Redbubble will pay you a portion of the gains. They handle all of the production and shipping of merchandise.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you take the profits from these investments as cash income during the year.

Although many CDs and bonds might not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no danger. This helps ensure a solid income supply on you could try this out a regular basis.

 

 

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Thousands of people every day are looking to rent any variety of things. Craigslist can be a great place to advertise your items for rent. Here are some ideas of products You Could rent out:

Just ensure you have a proper rental agreement signed by both parties. Also, get paid in money beforehand, and find a current photo ID and secondary evidence of speech from renters.

This will allow you to guard the home youre renting out. For additional peace of mind, consider requesting a security deposit as well.

As you can see there are a ton of ways that you can earn passive income. With luck, this record has helped you narrow down which source of income is best for you.

 

 

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If youre tired of this traditional way of making money, implement some of the passive income approaches above so you can start working and making more money while you sleep now.

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